Adjuvant Holdings Income Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 20, 2026	Mar '25 Mar 20, 2025	Mar '24 Mar 20, 2024	Mar '23 Mar 20, 2023	Mar '22 Mar 20, 2022
Revenue	3,813	4,098	4,438	4,377	4,427
Revenue Growth (YoY)	-6.96%	-7.66%	1.39%	-1.13%	-9.38%
Cost of Revenue	1,250	1,443	1,578	1,461	1,485
Gross Profit	2,563	2,655	2,860	2,916	2,942
Selling, General & Admin	2,392	2,528	2,861	2,683	2,551
Operating Expenses	2,392	2,528	2,861	2,683	2,551
Operating Income	171	127	-1	233	391
Interest & Investment Income	21	7	9	7	10
Currency Exchange Gain (Loss)	5	-6	24	17	9
Other Non Operating Income (Expenses)	2	6	-15	8	-10
EBT Excluding Unusual Items	199	134	17	265	400
Gain (Loss) on Sale of Investments	21	12	-2	322	-
Gain (Loss) on Sale of Assets	-	-	-	-	40
Asset Writedown	-	-3	-6	-	-1
Other Unusual Items	-	-	7	-	-
Pretax Income	220	143	16	587	439
Income Tax Expense	78	103	115	184	46
Net Income	142	40	-99	403	393
Net Income to Common	142	40	-99	403	393
Net Income Growth	255.00%	-	-	2.54%	176.76%
Shares Outstanding (Basic)	8	8	8	8	8
Shares Outstanding (Diluted)	8	8	8	8	8
Shares Change (YoY)	-0.05%	0.19%	-0.04%	-0.14%	-0.06%
EPS (Basic)	17.74	4.99	-12.38	50.38	49.11
EPS (Diluted)	17.74	4.99	-12.38	50.38	49.08
EPS Growth	255.19%	-	-	2.65%	176.35%
Free Cash Flow	110	300	319	-398	374
Free Cash Flow Per Share	13.74	37.45	39.90	-49.75	46.69
Dividend Per Share	12.000	12.000	12.000	24.000	24.000
Dividend Growth	-	-	-50.00%	-	-
Gross Margin	67.22%	64.79%	64.44%	66.62%	66.46%
Operating Margin	4.49%	3.10%	-0.02%	5.32%	8.83%
Profit Margin	3.72%	0.98%	-2.23%	9.21%	8.88%
Free Cash Flow Margin	2.89%	7.32%	7.19%	-9.09%	8.45%
EBITDA	260	242	124	341	501
EBITDA Margin	6.82%	5.91%	2.79%	7.79%	11.32%
D&A For EBITDA	89	115	125	108	110
EBIT	171	127	-1	233	391
EBIT Margin	4.49%	3.10%	-0.02%	5.32%	8.83%
Effective Tax Rate	35.45%	72.03%	718.75%	31.35%	10.48%
Advertising Expenses	-	343	574	306	232

Source: S&P Global Market Intelligence. Standard template. Financial Sources.